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NEW JERSEY INSTITUTE OF TECHNOLOGY FOUNDATION

EIN 22-1714037 NEWARK, NJ

Revenue 2024
$37,666,775
Expenses 2024
$11,715,442

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B110
Classification
1200
Street
UNIVERSITY HEIGHTS

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • TEIK C LIM

    DIRECTOR

    Total calculated
    $912,649
    From this org
    $0
    From related orgs
    $844,373
    Other
    $68,276
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,973 related
    Bonus
    $0 + $95,100 related
    Other
    $0 + $119,300 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $54,276 related
    Filer's total
    $0 + $912,649 related

  • JOHN A PELESKO

    DIRECTOR

    Total calculated
    $528,916
    From this org
    $0
    From related orgs
    $467,502
    Other
    $61,414
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,187 related
    Bonus
    $0 + $21,500 related
    Other
    $0 + $14,815 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $47,414 related
    Filer's total
    $0 + $528,916 related

  • ATAM DHAWAN

    DIRECTOR

    Total calculated
    $504,774
    From this org
    $0
    From related orgs
    $440,785
    Other
    $63,989
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,523 related
    Bonus
    $0
    Other
    $0 + $20,262 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $49,989 related
    Filer's total
    $0 + $504,774 related

  • ANDREW P CHRIST

    DIRECTOR

    Total calculated
    $414,322
    From this org
    $0
    From related orgs
    $383,790
    Other
    $30,532
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,347 related
    Bonus
    $0
    Other
    $0 + $3,443 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $16,532 related
    Filer's total
    $0 + $414,322 related

  • CATHERINE Z BRENNAN

    SECRETARY (THRU 05/2025)

    Total calculated
    $444,410
    From this org
    $0
    From related orgs
    $352,094
    Other
    $92,316
    Hours/week
    3 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,227 related
    Bonus
    $0 + $16,870 related
    Other
    $0 + $5,997 related
    Deferred
    $0 + $40,988 related
    Nontaxable benefits
    $0 + $51,328 related
    Filer's total
    $0 + $444,410 related

  • KENNETH ALEXO JR

    PRESIDENT (THRU 09/2024)

    Total calculated
    $350,054
    From this org
    $0
    From related orgs
    $295,946
    Other
    $54,108
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $243,858 related
    Bonus
    $0
    Other
    $0 + $52,088 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $40,108 related
    Filer's total
    $0 + $350,054 related

  • ELIZABETH KORNSTEIN

    INTERIM PRESIDENT (09/24-04/25)

    Total calculated
    $270,418
    From this org
    $0
    From related orgs
    $204,595
    Other
    $65,823
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $200,695 related
    Bonus
    $0
    Other
    $0 + $3,900 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $51,823 related
    Filer's total
    $0 + $270,418 related

  • MICHAEL WALL

    INTERIM PRESIDENT (AS OF 04/2025)

    Total calculated
    $215,457
    From this org
    $0
    From related orgs
    $198,960
    Other
    $16,497
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $195,702 related
    Bonus
    $0
    Other
    $0 + $3,258 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $2,497 related
    Filer's total
    $0 + $215,457 related

  • STEVEN SAPERSTEIN

    CHAIRMAN (AS OF 12/2024)

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MEDINA

    CHAIRMAN (THRU 12/2024)/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ARTHUR A KAPOOR

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • KENNETH M COLAO

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN KENNEY

    SECRETARY (AS OF 06/2025)

    Total calculated
    $0
    Hours/week
    1

  • STEVEN ANNUNZIATO

    DIRECTOR (THRU 05/2025)

    Total calculated
    $0
    Hours/week
    1

  • SIDDHARTHA BALA

    DIRECTOR (THRU 01/2025)

    Total calculated
    $0
    Hours/week
    1

  • ALFRED A DE SETA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELO DEL RUSSO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN F ECHEVERRIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM Y FELIX

    DIRECTOR (THRU 07/2025)

    Total calculated
    $0
    Hours/week
    1

  • DONALD FLOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARLOS FONSECA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES FORMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAREN L FREYER DESOUZA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN J FUMOSA

    DIRECTOR (THRU 06/30/2025)

    Total calculated
    $0
    Hours/week
    1

  • DAVID T GOCKEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

The first 25 listed. Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $37,666,775
    Expenses
    $11,715,442
    Contributions
    $16,812,460
    Grants paid
    $10,732,731
  • 2023
    Revenue
    $16,393,366
    Expenses
    $11,521,409
    Contributions
    $10,424,182
    Grants paid
    $10,634,948
  • 2022
    Revenue
    $14,094,600
    Expenses
    $9,939,238
    Contributions
    $12,563,402
    Grants paid
    $9,159,988

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

Nonprofiteer parses the Form 990 only. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.